US equities were mostly lower for the week, with the S&P, Nasdaq, and Russell extending last week's slides. Trump 2.0 policy uncertainty remained a key focus, with Trump this week reiterating plans to impose 25% tariffs on Mexico and Canada next week and announcing a further 10% levy on Chinese goods. The January core PCE report was a bit of an anticlimax, coming in largely in line and consistent with expectations weighting differences would translate into a cooler read than was seen with CPI earlier this month.

US equities were lower in Thursday trading as stocks ended near worst levels. Trade was the main area of focus today, as President Trump said Canada and Mexico tariffs are on track to go into effect on March 4th, when China will also be hit with an additional 10% tariff. Headline January durable goods orders topped forecasts, though ex-transport was flat against expectations for a monthly rise.

US equities were mostly higher in Wednesday trading, though stocks off best levels with some blame going to the latest flurry of Trump tariff headlines. A fairly choppy day today with a number of moving pieces. In macro news, new home sales fell by a much worse than expected 10 point 5% in January, though December saw an upward revision.